Auto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.
Auto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt.
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Auto loans are terrible and I always pay them off as soon as I can, but they will never really be that big a threat because you CAN sell your car and buy a substantially cheaper one, in most cases. Sometimes you can sell your car and just use public transit or bike/walk.
Boy do I wish I could sell my college degree
I wish they would repo my degree...
Imagine being able to trade in your college degree for a newer model
I quit the career my major gave me after 7 years and now I'm doing something totally different... I won't say I regret it because my old industry is how I got the new industry connections to make them change but yeah.. I'm using none of what I learned.
Be careful about turning your hobbies into careers, kids! You just might start associating it with work stress and stop doing it entirely
Same. I use almost nothing that I learned. Engineering if you are curious.
Opposite for me. My degree is editing/motion graphics but my first job killed that passion pretty hard. Now I've got "engineer" in my title but I wish I went to school for mechanical engineering
When I was a kid auto loans would be for 2 years or 4 years maybe, now. They'll give you a 10-year loan on a car.
Used cars literally cost more now than the 3/2 townhome I bought in 2012. I don't understand how most people survive in this economy.